Benefit Resource Inc.

OCTOBER 28, 2021

Pre-tax benefits are a great thing to take advantage of whether you’re male or female, young or old…and alive or dead ? For a little “Spooky Season” fun, we take a look at various monsters and match them up with the perfect pre-tax account to help employees see why they should enroll in pre-tax benefits.

Taxes 75

Taxes Health Savings Account Bonuses Health 75

WEX Inc.

OCTOBER 9, 2024

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer some HSA and FSA FAQs. The tax savings are significant.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

WEX Inc.

AUGUST 7, 2023

Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

InterWest Insurance Services

JUNE 20, 2024

The IRS has announced significantly higher health savings account contribution limits for 2025, with the amount increasing 3.6% The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket maximums for high-deductible health plans. They are not taxed on withdrawals.

Deductions 97

Deductions Deductible Health Savings Account Medical 97

WEX Inc.

AUGUST 2, 2023

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. FSAs are an employer-owned account , and the IRS sets limits on annual FSA contributions.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. While health savings accounts have grown in popularity, you can only offer them to employees who are enrolled in high-deductible health plans.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

InterWest Insurance Services

OCTOBER 17, 2024

Besides looking for better health coverage, there’s growing interest among employees for voluntary benefits that can buffer health care costs, like critical illness, accident and dental and vision insurance. Those funds are also not taxed.

Out of Pocket Cost 98

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 98

InterWest Insurance Services

DECEMBER 7, 2023

Earlier in 2023, the IRS also announced the maximum contribution limits to health savings accounts, which are similar to FSAs, but they must be attached to a high-deductible health plan. An FSA must be funded exclusively through employer contributions or employee pre-tax contributions, or a combination of the two.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 98

HR Lineup

OCTOBER 21, 2024

It focuses on the fundamentals of health insurance, making it highly relevant for benefits professionals responsible for health and wellness programs. Key Benefits: Specialized training in health insurance plans, products, and regulations. Covers medical, dental, vision, and other health-related benefits.

401(k) 77

401(k) Employee Benefits Retirement Plan Health Savings Account 77

Insperity

MAY 13, 2015

First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Health Savings Accounts. The account holder (i.e., Earnings to an HSA from interest and investments are tax-free.

Health Insurance 84

Health Insurance Insurance Out of Pocket Cost Health Savings Account 84

Best Money Moves

AUGUST 18, 2021

Over half of all Americans receive health insurance from their employers, according to 2019 census data. So it’s not surprising that in a 2020 survey of 2000 multigenerational participants, dental and vision insurance topped the list of most wanted Employee Benefits.

Health Insurance 111

Health Insurance Health Savings Account Insurance Benefits Package 111

WEX Inc.

JULY 20, 2023

Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Benefit Resource Inc.

MARCH 31, 2022

These accounts are used to cover health and medical expenses both for you and your dependents (usually children). Take advantage of your pre-tax benefits this year! You may be able to save on routine expenses, like preventative healthcare costs. Use-It-Or-Lose-It.

Medical 75

Medical Flexible Spending Account Health Savings Account Flexible Spending 75

WEX Inc.

SEPTEMBER 7, 2023

What you can do: Address this concern by emphasizing the savings potential of an FSA. Illustrate how pre-tax contributions lead to significant savings over time, effectively reducing the impact on take-home pay. It is not legal, financial, or tax advice. What you can do: Highlight the flexibility of FSAs. Download now!

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

Benefit Resource Inc.

JUNE 18, 2019

A Limited FSA, or a Limited Purpose FSA, is one of several pre-tax accounts you may be able to sign up for through your company. It is used to pay for vision and dental expenses that are not covered by insurance. A Medical FSA can be used to pay for your out-of-pocket expenses related to medical care, dental care and vision.

Health Savings Account 63

Health Savings Account Health Medical Taxes 63

Benefit Resource Inc.

JUNE 27, 2019

In honor of National Sunglasses Day, we wanted to highlight eligible vision expenses you can pay for with your pre-tax accounts. As an overview, a pre-tax account is a type of benefit your employer may offer to help you cover out-of-pocket expenses. There are a variety of different plans and accounts available.

Flexible Spending Account 63

Flexible Spending Account Health Flexible Spending Health Savings Account 63

Genesis HR Solutions

SEPTEMBER 22, 2020

Vision Insurance. Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. Flexible Spending Account (FSA). Health Savings Account (HSA). Employers fund and own accounts. Retirement.

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

PeopleStrategy

JULY 8, 2019

Ancillary benefits : these types of benefits are in addition to standard health coverage, and can include dental, vision care, life insurance and short- or long-term disability coverage. The cost for the employee is usually taken out of the employees’ paycheck on a monthly or bi-weekly basis and the employer covers the rest.

Health Savings Account 82

Health Savings Account Deductions Deductible Healthcare 82

Griffin Benefits

NOVEMBER 1, 2022

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. FSA Employer Contribution Limits for 2023. 2023 Retirement Plan Limits Increase.

401(k) 85

401(k) Retirement Plan Health Savings Account Deductions 85

Benefit Resource Inc.

MAY 27, 2021

A Limited Purpose FSA (also known as a Limited FSA or Limited Medical FSA) allows you to pay for dental and vision services with tax-free money. It’s a great partner plan if you have or want to enroll in a Health Savings Account (HSA). Orthodontia, including braces and retainers.

Flexible Spending Account 75

Flexible Spending Account Flexible Spending Health Savings Account Health 75

WEX Inc.

APRIL 25, 2024

This can make HDHPs a great option for saving on monthly payments. Health savings accounts Another great perk of HDHPs is they can be paired with health savings accounts (HSAs). An HSA is a tax-advantaged savings account that allows you to save money specifically for medical expenses.

Health Savings Account 52

Health Savings Account Deductions Deductible Out of Pocket Cost 52

WEX Inc.

NOVEMBER 27, 2024

You must be enrolled in an HDHP to be eligible to participate in a health savings account (HSA). PPOs are a common type of traditional health plan. Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. What’s a PPO?

Deductions 52

Deductions Deductible Health Savings Account Flexible Spending Account 52

Business Management Daily

NOVEMBER 15, 2021

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Healthcare FSA. The most commonly used FSA is the healthcare FSA. Healthcare FSAs.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

Benefit Resource Inc.

DECEMBER 20, 2021

As the end of 2021 and the plan year looms, it’s crucial to consider what you can do with any remaining funds in your Flexible Spending Account (FSA). Unfortunately, unlike a Health Savings Account (HSA), you don’t get to keep your FSA money year after year.

Flexible Spending Account 75

Flexible Spending Account Health Savings Account Flexible Spending Medical 75

Business Management Daily

DECEMBER 1, 2019

Although most companies choose this option, it may be a costly decision, since employees will receive an extra paycheck, along with extra taxes withheld and extra benefits provided. Savings bonds, United Way, creditor and child support garnishments, deductions for other outside groups and other voluntary deductions.

Payroll 83

Payroll 401(k) Deductions Deductible 83

Genesis HR Solutions

JANUARY 24, 2023

Payroll deductions This item spells out each of the deductions the company withholds, including federal, state, and local taxes and other things, including voluntary deductions for benefits. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside.

Family and Medical Leave Act 98

Family and Medical Leave Act Overtime Parental Leave Health and Welfare 98

Best Money Moves

AUGUST 18, 2021

Over half of all Americans receive health insurance from their employers, according to 2019 census data. So it’s not surprising that in a 2020 survey of 2000 multigenerational participants, dental and vision insurance topped the list of most wanted Employee Benefits.

Health Insurance 83

Health Insurance Health Savings Account Insurance Benefits Package 83

Benefit Resource Inc.

APRIL 16, 2019

Health Savings Accounts (or HSAs) are sometimes confusing. Let’s be honest, what benefits program or tax-program isn’t a little confusing? Second, you cannot be claimed as a dependent on another person’s taxes. Lastly, you cannot be enrolled in a health plan that is not an HSA-compatible plan.

Deductions 80

Deductions Deductible Health Savings Account Taxes 80

Benefit Resource Inc.

NOVEMBER 29, 2023

Additionally, you may also already have a built-in savings option to pay for your COBRA premiums. A health savings account is not only an important component to paying for medical expenses today, but it is a tool you can use throughout retirement. By age 65 (or 63.5

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

Benefit Resource Inc.

OCTOBER 16, 2018

” Too bad making your pre-tax benefit account decisions is not as easy as pointing and saying “Eenie meenie miney mo – Which account should I choose?” What if you could choose the right pre-tax benefit accounts by answering four questions? What is the account? How do I save?

Health Savings Account 55

Health Savings Account Flexible Spending Account Flexible Spending Medical 55

Benefit Resource Inc.

MARCH 28, 2024

Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. This includes copayments, deductibles, prescriptions, and more.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Flexible Spending 52

WEX Inc.

APRIL 24, 2023

Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs. Are you comparing an HDHP versus a PPO or other type of traditional health plan?

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Benefit Resource Inc.

APRIL 18, 2023

Fortunately, there are ways to increase your financial well-being through medical savings. One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). The HSA is combined with an HSA-qualified health plan (also referred to as a high deductible health plan).

Medical 52

Medical Flexible Spending Account Health Savings Account Flexible Spending 52

WEX Inc.

JUNE 13, 2024

Flexible spending accounts (FSAs) allow your employees to use pre-tax dollars to cover eligible out-of-pocket healthcare expenses, providing a tax-efficient way to manage medical costs and helping you and your employees save money. It is not legal or tax advice.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Taxes 52

InterWest Insurance Services

JUNE 8, 2023

The IRS has raised the maximum amount people can funnel into their health savings accounts by 7.8% The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket maximums for high-deductible health plans. You are not taxed on withdrawals.

Deductions 52

Deductions Deductible Health Savings Account Medical 52

Benefit Resource Inc.

APRIL 4, 2019

I am a guru of pre-tax benefits. My goal is to simplify pre-tax benefits so you can understand them and save more money. I’ve written about how I saved my family money with a Commuter Benefit Plan , a Health Savings Account (HSA), and a Dependent Care FSA. What’s a Limited FSA?

Health Savings Account 45

Health Savings Account Health Medical Taxes 45

Benefit Resource Inc.

OCTOBER 21, 2019

” In the case of pre-tax benefits, we like to say “There’s a plan for that” Regardless of your benefits problem, by comparing Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Accounts, you can find the right plan to fit your needs.

Flexible Spending Account 40

Flexible Spending Account Health Savings Account Flexible Spending 401(k) 40